- Your next step is to fill in all the other items related to income and expense.
Under Income is Under Expenses is Other Operating
Expenses
Loan proceeds–this is the
monthly amount received
from the operating loan
and will be filled in last
Sale of Fixed Assets
Other Cash Received
Rent
Management Salaries
Other Salaries and
Wages
Legal and Audit Fees
Utilities (heat, light,
water)
Telephone
Repairs and
Maintenance
Licences and
Municipal Taxes
Various kinds of
insurance
Payments on Purchases
of Fixed Assets
Interest paid on loans
(short-term loans, lines
of credit, overdrafts)
Payments on
Mortgages/Term Loans
Income Tax Payments
Cash Dividends Paid
Payments on Accounts
Payable
Other Cash Expenses
- When all of this data is entered, you should now calculate your
Total Cash In and the Total Cash Out for each month throughout the
fiscal year and determine in which months there may be a cash surplus or
deficit.
- Enter the amount of your business opening cash balance in the first month
of your fiscal year and carry this forward through your calculations to arrive
at the 'actual' projected surplus or deficit each month.
This figure is, therefore, an estimate of the least amount you will require as an
Operating loan to run your business. For now, enter this amount under Loan
Proceeds in the Cash In section in order to balance the statement.
Once this is completed, you are prepared, along with your financial statements
and your business plan, to meet with your Lender.
